After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government's healthcare exchanges should have been ready to go.
But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.
"These are not glitches," an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. "The extent of the problems is pretty enormous. At the end of our calls, people say, 'It's awful, just awful.'"Here's why Obamacare is falling apart and what that means for you...
Obamacare Online Exchanges: 9 Real Life Experiences from Money Morning Readers
Considering taxpayers shelled out more than $500 million to build the Obamacare online exchanges, we'd like to know how they're actually operating, for good or for bad.
We know it's not all good...
For example, the federal government is operating an exchange for 36 states, and it's seen some of the worst complications. Part of the problem is volume: Within three days, a whopping 8.6 million people visited healthcare.gov.
We also know that Obamacare's success depends on having a large number of people enroll - especially the younger, healthier crowd. The Congressional Budget Office says Obamacare needs 7 million people to sign up at a minimum for it to stay afloat financially.To read more click here...
Will Congress Defund Obamacare By October 1?
As Obamacare draws ever closer to becoming a reality that fiercely opposed Republicans cannot change, it’s time to start looking at the healthcare law like the multi-trillion opportunity that it is. Not every healthcare stock will benefit, but there are two simple moves investors can make today to profit when the law fully kicks in...To continue reading, please click here...
Obamacare Facts: Support Slips to 39%; Defund Talk Gets Louder
Americans following the stream of Obamacare facts out of Washington aren't as happy with the new law as they were before, according to a new poll.
According to this just-released CNN/ORC International survey, support for the Affordable Care Act, better known as Obamacare, slipped from 51% in January to a current low of 39%.
Support dropped in all demographics, with the steepest slide in two core Democratic groups: women and Americans making less than $50,000.
Obamacare Effect on Jobs Hits Millions More U.S. Workers
Oct. 1 marks the start of Obamacare for millions of Americans. That's when the Obamacare health insurance exchanges (HIX) go live and open enrollment begins.
Today (Friday) marks another key Obamacare moment. The August unemployment report released today gave us a clearer look at the Obamacare effect on U.S. jobs.